Tech

Intel net rises 17%, posts strong outlook

SAN FRANCISCO (MarketWatch) - Intel Corp.
INTC, +0.17%
on Tuesday reported a third-quarter profit of $3.47 billion, or 65 cents a share, compared with a profit of $2.96 billion, or 52 cents a share, in the year-earlier period. Revenue was $14.23 billion, up from $11.1 billion. Adjusted income was 69 cents a share. Analysts had expected the chip company to report earnings of 61 cents a share, on revenue of $13.9 billion, according to a consensus survey by FactSet Research. For the current quarter, the company expects revenue of $14.7 billion, plus or minus $500 million. Analysts had expected revenue of $14.23 billion, according to data from FactSet Research. Intel shares were up more than 2% in after-hours trading.

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